This edition of the HGM Tracker shows that rising deal volumes marks a return to growth, suggesting that a turning point has been reached in the performance of global M&A markets.
The number of deals between developed market acquirers and high growth market targets (D2H) rose by 11 percent between July and December 2014, the second semester in a row that the volume of D2H deals increased. Two consecutive semesters of growth in D2H deals suggest the uptick in transactions is more than a temporary blip, and that the long decline in the volume of D2H M&A transactions over the past few years has been halted.
It is a similarly positive picture for deals involving high growth market acquirers of developed market targets (H2D) demonstrating a 9 percent increase in H2D deals in the second half of 2014 and a 23 percent increase since 2013. The two years of uninterrupted growth in H2D deals would seem to indicate an undeniably robust resurgence and positive message of growth.
The HGM Tracker looks at deal flows between 15 developed economies (or groups of economies) and 13 high growth economies (or groups of economies). The Tracker is produced every 6 months to give an up-to-date picture of cross-border merger and acquisition activity, with the current edition featuring deals between July and December 2014.
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